So... The market is up today because the economy is shrinking?!?!  biz.yahoo:  "The U.S. economy shrank at a 0.3 percent annual rate in the third quarter, its sharpest contraction in seven years as consumers cut spending and businesses reduced investment in the face of rising fears that recession was setting in."

Here's a chart that shows the top 20 ( Read more... )

The US government wants your retirement account next.

This just happened in Argentina where the government nationalized $30 billion in private pension plans.  Could the same thing happen here? (See my May post on this prediction.)

It turns out that the DemocRATS in CONgress are looking at a similar grab.  Here's the idea being floated (Link 1 and ( Read more... )

You don't want to be at the back of a line during a bank run....

Wednesday, Russian bank Globex banned depositors from withdrawing their money as confidence in the Russian banking system began to show signs of ­evaporating. This is the first Russian bank to experience a run on deposits during the crisis, losing 13 per cent of its deposits last ( Read more... )

According to the Fed and the Treasury Secretary:  "Yes.  Money Does in Fact Grow on Trees."

I've felt like this before!

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One year ago today, the DOW was at 14,164.  Today, it hit 8,579.

Is this a possible outcome? I'd love to hear your thoughts on this excerpt from Time Is Up Congress. 
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There is chatter circulating, apparently, that "global equity markets will be closed after the emergency G7 meeting this weekend."  That ought to induce confidence - just ask the Russians or Indonesians, both of whom have tried this and it has ( Read more... )

Jim Cramer: Time to get out of the stock market
Financial guru warns that investments could lose 20 percent of their value

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